The new 2022 API & Microservices Connectivity Report from Kong reveals that the pressure to innovate continues to mount for technology leaders.
A total of 75% of technology leaders fear competitive displacement if they fail to keep pace with digital innovation, up 13% since 2021 and 18% since 2020.
Compounding this fear is a lack of skills and talent, cited by 34% of survey respondents as a drag on innovation.
According to the research, 40% of respondents predict they will go under or be absorbed by a competitor within three years if digital innovation lags, while an overwhelming majority (81%) predict the same outcome within six years and virtually all (98%) within 10 years.
The annual survey of 500 senior technology leaders across the U.S, Europe and Asia benchmarks how APIs, microservices and modern software architectures enable business agility and compares how they are used at organizations with more than 1,000 employees.
Marco Palladino, CTO and Co-founder of Kong, said: “We are in a unique business climate today where almost every minute of our customers’ lives are digitally connected, and they expect nothing less than seamless connections and the best digital experiences possible.
“Businesses must make customer experiences a priority in 2022 – starting by investing in the right tech stack and empowering their developer teams to build the applications of the future.”
